Cheap Apartments for Rent in Island, KY from $500 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in Island.

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Island, KY Local Guide

Cheapest Available Island Apartments for Rent and Nearby

 

The cheapest available apartment rental in Island, KY is a 1 Bed unit found at Ambassador Villas priced from $675. Embassy Apartments in the Lincoln-Bellemeade neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $685. Here is today’s list of the most affordable Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ambassador VillasAmbassador 1 BD1BR,1BA$675
Embassy Apartments0.1Studio,1BA$685
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
Devonshire Gardens I & IIII 1 Bed 1 Bath A1BR,1BA$700
Willow RunThe Hampton1BR,1BA$730

Best Value Apartments for Rent in Island, KY and Nearby

As of September 09, 2025 the best value apartment in the Island area is the $0.95 price per square foot 3 Bedroom 2 Bath Model at Royal Arms of Owensboro in the starting from $1,330. The second greatest value Island apartment is the The Maple Model at Indian Woods starting at $1,099 with a $1.13 price per square foot in the Lant Manor neighborhood. Here is today’s list of the best values for Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Royal Arms of Owensboro3 Bedroom 2 Bath3BR,2BA$0.95
Indian WoodsThe Maple2BR,2BA$1.13
Keystone Apartments2 Bedroom2BR,1BA$1.06
Naveen Pine ApartmentsCozy Two Bedroom Apartment Home2BR,1BA$1.12
Kingston Square ApartmentsTwo Bedroom2BR,1BA$1.02
Abbey Court ApartmentsCambridge1BR,1BA$1.12
Ambassador VillasAmbassador 1 BD1BR,1BA$0.96
Village GreenChestnut1BR,1BA$1.20
Addison PlaceWindsor1BR,1BA$1.21
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$1.22

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Island, KY Rentals by Map

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Getting Around Island, KY

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Island Apartments

How much is rent for a Cheap One Bedroom Island Apartment?

The lowest price for a Cheap One Bedroom Island Apartment is $675 at Ambassador Villas.

What is the lowest price for a Cheap Two Bedroom Island Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Island is starting from $815 at Kingston Square Apartments.

What is the most affordable Island Three Bedroom Apartment?

The best deal on a cheap Island Three Bedroom Apartment rental is at Royal Arms of Owensboro and starts from $1,330.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.